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Mar 25, 2013
03/13
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creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international leaders. there was already a rush to draw money from laiki. depositors who have less than $100,000 euros will not lose any money. the financial crisis will still be difficult for cyprus and its people. >> the commissioner will do everything possible to alleviate the social consequences of this economic shocker. and help to protect the most vulnerable people. cyprus is part of the european family and europe will stand by. >> cyprus will receive a $13 billion loan package. >>> drivers around the country are breathing a sigh of relief as gas prices continue to slip. the lundberg survey ray shows the national gas price average is $3.31. locally the average price of gas is still higher than $4. san francisco has the highest average at $4.14. in san jose $4.03. oakland matches that price as well. overall that is 20-cents a gallon lower than this time last year. >>> the national rifle association is attacking efforts by law
creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international leaders. there was already a rush to draw money from laiki. depositors who have less than $100,000 euros will not lose any money. the financial crisis will still be difficult for cyprus and its people. >> the commissioner will do everything possible to alleviate the social consequences of this economic...
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Mar 25, 2013
03/13
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KTVU
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creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international leaders. there was already a rush to draw money from laiki. depositors who have less than $100,000 euros will not lose any money. the financial crisis will still be difficult for cyprus and its people. >> the commissioner will do everything possible to alleviate the social consequences of this economic shocker. and help to protect the most vulnerable people. cyprus is part of the european family and europe will stand by. >> cyprus will receive a $13 billion loan package. >>> drivers around the country are breathing a sigh of relief as gas prices continue to slip. the lundberg survey ray shows the national gas price average is $3.31. locally the average price of gas is still higher than $4. san francisco has the highest average at $4.14. in san jose $4.03. oakland matches that price as well. overall that is 20-cents a gallon lower than this time last year. >>> the national rifle association is attacking efforts by law
creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international leaders. there was already a rush to draw money from laiki. depositors who have less than $100,000 euros will not lose any money. the financial crisis will still be difficult for cyprus and its people. >> the commissioner will do everything possible to alleviate the social consequences of this economic...
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Mar 26, 2013
03/13
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FBC
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stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the pension fund and calpers. i'm not sure that is fair. melissa: stockton's city manager says calpers has first dib on the money they have, because, quote, if word got out that we were pursuing a different retirement plan, i run the risk of a mass exodus of my employees. seriously? i mean that is what he is concerned about? all of employers would leave? you say they're trying to cut costs and cut services. maybe employees leaving would be a big help. >> they still have double-digit unemployment. still going down. and still a good job for somebody. i'm not sure i agree with that. i'm not a city manager. i understand his point. the fear they have i suspect is with vallejo in california went through, we'll cut everything except for pensions because we're scared to death of calpers. san bernardino,
stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the pension fund and calpers. i'm not sure that is fair. melissa: stockton's city manager says calpers has first dib on the money they have, because, quote, if word got out that we were pursuing a different retirement plan, i run the risk of a mass exodus...
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Mar 25, 2013
03/13
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FOXNEWSW
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brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out an
brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe...
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Mar 25, 2013
03/13
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CSPAN
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. >> rising unemployment remains an issue in my stockton constituency. are-working families paying for the next months of seen a tax cut for millionaires. >> if the honorable gentleman looks at the figures today he will see that there are 131,000 more people in work over the last quarter. we have seen 600,000 more people employed compared with a year ago. that is what is actually happening in terms of employment. i have to say, when we look at the mess left by the party opposite, being given advice on economics on budget day from the party opposite is like asking enron for accountancy spies -- advice. >> mr. speaker, in less than a fortnight's time this government will have taken 3168 of my constituents -- [inaudible] thisthis not show conservative government is on the side of hard-working people? >> we have consistently lifted the personal tax allowance, the amount of money you earned before you start paying tax, starting at 6000 pounds and rising all the time. over 2 million people have been taken out of tax altogether. .> bridget phillipson >> does th
. >> rising unemployment remains an issue in my stockton constituency. are-working families paying for the next months of seen a tax cut for millionaires. >> if the honorable gentleman looks at the figures today he will see that there are 131,000 more people in work over the last quarter. we have seen 600,000 more people employed compared with a year ago. that is what is actually happening in terms of employment. i have to say, when we look at the mess left by the party opposite,...
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Mar 25, 2013
03/13
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KPIX
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if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning we may find out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and that ticket was sold in new jersey. now the lump sum cash option $211 million. power ball is coming here to california on april 8th. >> so fun to think about how you would spend that money. >> yeah. >>> 5:48 is the time. sal. >> i think you know what i would do, i would have vast catering for all of us here on the morning show every day. we'd get all kinds of stuff. >> then we would know. i don't think i would anyone to know i won. >> that is true. i'll cross that problem when i have it. good morning, everybody. it's fun to think about but it's time to get to work. right now traffic is doing pr
if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning we may find out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six...
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Mar 25, 2013
03/13
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KTVU
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if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and that ticket was sold in new jersey. now the lump sum cash option $211 million. power ball is coming here to california on april 8th. >> so fun to think about how you would spend that money. >> yeah. >>> 5:48 is the time. sal. >> i think you know what i would do, i would have vast catering for all of us here on the morning show every day. we'd get all kinds of stuff. >> then we would know. i don't think i would anyone to know i won. >> that is true. i'll cross that problem when i have it. good morning, everybody. it's fun to think about but it's time to get to work. right now traffic is doing pretty well if
if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and...
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Mar 25, 2013
03/13
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FBC
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right now the fbi has stockton on is ten most dangerous city -- city's list. the third highest illiteracy rate in the nation. also of the dead go way. >> ultimately their core will say if you need to negotiate in a stronger position with the folks holding the majority of the debt right now. beckham last year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don't know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. gerri: thank you for coming on. appreciate your time. we will continue to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating y
right now the fbi has stockton on is ten most dangerous city -- city's list. the third highest illiteracy rate in the nation. also of the dead go way. >> ultimately their core will say if you need to negotiate in a stronger position with the folks holding the majority of the debt right now. beckham last year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last...
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Mar 25, 2013
03/13
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a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friend
a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny...
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Mar 25, 2013
03/13
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KTVU
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a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friend
a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny...
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Mar 25, 2013
03/13
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FBC
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>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and thises a-- >> and stockton built a news waterfront, a baseball stadium. i think that detroit is going to be a little more interesting, in the sense it's not a bankruptcy, but, you know, the race issue comes in and large american cities. you've had al sharpton's group go to kevyn orr's office and they don't want to go to the puppet, they want to go to the puppet master. and jesse jackson's group having a protest and they're saying that the bondholders ironically are going to benefit from the shake-up at the expense of people who live in detroit and that's one to watch the fireworks and in both cases a cautio
>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and...
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Mar 25, 2013
03/13
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KRON
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creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see gray skies but as we go for the afternoon some high clouds with clouds and gusting winds will be expected. and on the in income if chance for rainfall. new york's coney island is now open for business. today senator chuck schumer the start of the park's season. coney island opens the week before easter every year. but this year a lot of work had to be done to the electrical system that was damaged during superstorm sandy. officials say that today's celebrations serve as a reminder to renew their focus on recovering from the devastating storm. police in georgia say an anonymous tip helped them death of a 1
creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see...
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Mar 25, 2013
03/13
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FOXNEWSW
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how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. they can't negotiate contracts because a lot of them are involved in a roundabout way with the contracts originally put forth. he'll come in and say listen you're going to cut the spending right here or we are going bankrupt. he's come out and said i've been through bankruptcy before i'm okay going through it again in detroit. >> reverend jesse jackson calling for massive demonstrations gains him today. we'll see what happens. bill: new developm
how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor...
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Mar 25, 2013
03/13
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KRON
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and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in orange park on memorial drive and a third was started near the 500 block of el camino real. fiske all three fires were quickly extinguished and caused little damage, police said. no suspect information was immediately available. police search for arsonist this weekend police said two fires were lit in orange park on immediately available. the san mateo county sheriff's office is warning rash of 'door-knock' burglaries that have occurred in residential neighborhoods around san according to the sheriff's office, potential burglars have been approaching homes and knocking
and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police...
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Mar 26, 2013
03/13
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FBC
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what do you think, this week in stockton, california the bankruptcy thing, if they're not allowed to change their pension plans, i don't know what-- >> i disagree with you, charles. california granted some absurd cases in california, bell, california that sort of thing. look at illinois, new york state. three-fourths of all the firemen who retire here retire with disability. again, god bless nthem, being a firefighter is not easy. but-- they're not for giving the debt obligations, stockton is, and if they do so that will set the stage. >> we've got to say listen, now what, everyone tries to maximize what you can get and you can't blame necessarily the firemen, but someone has to step in and say enough is enough or to your point we're all in trouble. when you turn to a pawn shop to help fund your small business. accord to go a ceo that's what's happening and business is booming. the man who runs pawn go, an on-line pawn company is going to join us at 10:45. and joining the company now though from miami is shah gilani. before we get into your stock picks. you don't think that cyprus co
what do you think, this week in stockton, california the bankruptcy thing, if they're not allowed to change their pension plans, i don't know what-- >> i disagree with you, charles. california granted some absurd cases in california, bell, california that sort of thing. look at illinois, new york state. three-fourths of all the firemen who retire here retire with disability. again, god bless nthem, being a firefighter is not easy. but-- they're not for giving the debt obligations,...
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Mar 22, 2013
03/13
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CNBC
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i checked in with katie stockton of mkt partners and points out that groupon is testing its 200-day moving average. at 572 so traders might think there's a breakout above the 200. stocks also saying even after today's move still not looking overbought. groupon up nearly 5% right here. back to you guys. >> thank you. >> all right. on deck, a mixed bag of food head lives. first, will the switch to lighter, leaner menu items be a healthy pop for fast food stocks, plus, the baco -- a taco made of bacon, folks. we have it here. baco. whatever it's called. it's delicious. >> that's all that matters. later on as well, we'll be sitting down with former nato commander general wesley clark. he's going to go after big oil with a big bet on ethanol. is it really the answer though? ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> olive garden parent darden touching estimates for th
i checked in with katie stockton of mkt partners and points out that groupon is testing its 200-day moving average. at 572 so traders might think there's a breakout above the 200. stocks also saying even after today's move still not looking overbought. groupon up nearly 5% right here. back to you guys. >> thank you. >> all right. on deck, a mixed bag of food head lives. first, will the switch to lighter, leaner menu items be a healthy pop for fast food stocks, plus, the baco -- a...
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Mar 25, 2013
03/13
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KGO
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stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about 5:54 on this monday. is there a chance of rain? we will check with our meteorologist. lisa? >> we do not is a great chance. it looks like we are getting cooler conditions, but rain? you know...it is really looking like, again, pushing back toward the end of the work week. starting out with some fog in the not bay, at half moon bay, and novato and santa rosa, and a mile in napa but everyone else, it is a warmer start. this afternoon we are talking about cooler. it will be gusty at times. upper 50's in san francisco. 65 in oakland. 68 in morgan hill. a few extra clouds if you want the warmth, sou
stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about...
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Mar 26, 2013
03/13
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FOXNEWSW
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county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining there, you're exactly right. the only way you stop this is with taxpayers. you know what? bill, there are several instances where taxpayers have voted on the ballot to put a clamp on these out of control pensions. so there is some movement in the right direction with people saying look, we want money to go for schools, not pensions. bill: is there anything in california that addresses perhaps renegotiating these contracts. >> bankruptcy. that is what keeps happening again and again. >> that's right. >> only way to deal with this and break these contracts is eventually to go into bankruptcy when the county can't
county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining...